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Mar 21, 2011
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. >>> to japan now. this morning workers are evacuated, or were evacuated from the tsunami stricken fukushima daiichi nuclear plant and smoke was seen rising from one of the reactors. there's been a dramatic jump in the estimated death toll from that massive earthquake and tsunami eleven days ago. police now estimate more than 18,000 people were killed. charlie d'agata has the story. >> reporter: beneath this pile of rubble a much-needed sign of hope. crews pulled an 80-year-old woman and her teenage grandson out alive, nine days after japan's earthquake and tsunami destroyed their home. reports say the two had been trapped in their kitchen, and survived by eating yogurt and other food found in the refrigerator. the dramatic rescue provided a rare bit of good news for a nation reeling from its worst disaster since world war ii. positive developments also emerged from the fukushima nuclear power plant, where engineers are racing to prevent a full-blown meltdown. two of the facility's six reactors are now
. >>> to japan now. this morning workers are evacuated, or were evacuated from the tsunami stricken fukushima daiichi nuclear plant and smoke was seen rising from one of the reactors. there's been a dramatic jump in the estimated death toll from that massive earthquake and tsunami eleven days ago. police now estimate more than 18,000 people were killed. charlie d'agata has the story. >> reporter: beneath this pile of rubble a much-needed sign of hope. crews pulled an 80-year-old...
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Mar 18, 2011
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a lemonade fund-raiser for japan. in an hour they raised more than $1,000. >> people all wonder why we're doing this right now. >> reporter: in atlanta... >> it really makes me want to help those people. >> reporter: kindergartener tuesday muse saw the destruction on television. like kids all over, she's trying to make sense of the unthinkable. >> i was, like, how can i help? could i do a sale or something like that? i'm a good artist. >> reporter: first her mom helped tuesday sell all her old art work-- some to neighbors, the rest on ebay. so far she's raised more than $2,500. then she helped recruit 40 of her friends to paint. >> this dude's somewhere in new york state. he said if somebody would paint him a picture he would give one thousand dollars for the tsunami relief. hi, sophia. >> reporter: so they all got to work. for kids everywhere, tuesday's mother says japan's calamity hits home. >> they're better able to put themselves in other people's shoes than adults are. but they see another kid's house be destroye
a lemonade fund-raiser for japan. in an hour they raised more than $1,000. >> people all wonder why we're doing this right now. >> reporter: in atlanta... >> it really makes me want to help those people. >> reporter: kindergartener tuesday muse saw the destruction on television. like kids all over, she's trying to make sense of the unthinkable. >> i was, like, how can i help? could i do a sale or something like that? i'm a good artist. >> reporter: first her...
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Mar 12, 2011
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disaster in japan. a massive military relief and recovery operation is under way in japan this morning, after that 8.9 magnitude earthquake that devastated the island. >>> an explosion at a nuclear power plant has raised fears of a meltdown. hundreds are dead, and that number will most certainly rise. we have full coverage "early" this saturday morning, march we have full coverage "early" this saturday morning, march 12th, 2011. captioning funded by cbs >>> video from less than 30 hours ago in japan, devastating earthquake, 8.9 magnitude. at this hour the official death toll almost 600. and there are other big problems looming this morning. welcome to "the early show" on this saturday morning, i'm russ mitchell. >> and i'm rebecca jarvis. we will continue to follow this story as it develops throughout the morning. >> let's get right to the earthquake in japan, of course. the quake is the fifth largest in recorded history. it was followed by a 23-foot high tsunami. the official death count is 574 dead. t
disaster in japan. a massive military relief and recovery operation is under way in japan this morning, after that 8.9 magnitude earthquake that devastated the island. >>> an explosion at a nuclear power plant has raised fears of a meltdown. hundreds are dead, and that number will most certainly rise. we have full coverage "early" this saturday morning, march we have full coverage "early" this saturday morning, march 12th, 2011. captioning funded by cbs >>>...
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Mar 15, 2011
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[ laughter ] >> couric: tonight, japan asks for u.s. help cooling nuclear reactors damaged by the earthquake as it tries desperately to prevent meltdown. i'm katie couric. also tonight, the unfolding humanitarian crisis. four days after the earthquake and tsunami, there are shortages of food and housing for the living. body bags and coffins for the growing number of dead. the search goes on for victims in towns virtually wiped off the map. and how safe are we with nuclear plants here at home built on fault lines and striking distances of tsunamis. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone, any one of them alone would be overwhelming, but japan is dealing with three crises: humanitarian, economic, and nuclear, including the possibility of a meltdown. we'll have much more about that in a moment. it's tuesday morning in japan and four days after the earthquake and tsunami. the death toll continues to rise. officially 1,900, b
[ laughter ] >> couric: tonight, japan asks for u.s. help cooling nuclear reactors damaged by the earthquake as it tries desperately to prevent meltdown. i'm katie couric. also tonight, the unfolding humanitarian crisis. four days after the earthquake and tsunami, there are shortages of food and housing for the living. body bags and coffins for the growing number of dead. the search goes on for victims in towns virtually wiped off the map. and how safe are we with nuclear plants here at...
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Mar 17, 2011
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arriving from japan for radiation. some who flew to chicago's o'hare airport tested positive but at levels too low to cause any health concern. radioactive plumes from the fukushima plant are expected to reach the west coast of the u.s. as early as tomorrow. health officials and, as we heard, president obama insists there no danger to the u.s. or pa pacific territories. cnn's dr. sanjay gawp a, a cbs news contributor, is in tokyo. is this plume over the pacific ocean dangerous? >> i think short answer is no and there's lots of different reasons why. first of all, they have some idea already, katie, of what the radiation levels have been and therefore what the radiation levels in this plume are likely to be and the numbers are pretty extraordinarily small. for example, if you think about a chest x-ray that a person may get, the amount of radiation from this plume would be one-tenth of that. that it would cause in any individual in the united states. the second thing is there are radiation detector centers, really, all o
arriving from japan for radiation. some who flew to chicago's o'hare airport tested positive but at levels too low to cause any health concern. radioactive plumes from the fukushima plant are expected to reach the west coast of the u.s. as early as tomorrow. health officials and, as we heard, president obama insists there no danger to the u.s. or pa pacific territories. cnn's dr. sanjay gawp a, a cbs news contributor, is in tokyo. is this plume over the pacific ocean dangerous? >> i think...
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Mar 19, 2011
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>>> and disaster in japan. exhausted engineers struggle to get power restored at the country's crippled nuclear reactors. in the hopes of avoiding a meltdown. meanwhile, high levels of radiation begin to show up in food in japan, as the country's prime minister urges his people to show courage in the wake of their unspeakable tragedy. we'll have those stories "early" this saturday morning, march we'll have those stories "early" this saturday morning, march 19th, 2011. captioning funded by cbs >>> new york city waking up to a sunny saturday morning. the last saturday before spring begins. welcome to "the early show." i'm rebecca jarvis. >> and i'm russ mitchell. two major stories to get to this morning. we begin with libya. this morning libyan forces loyal to moammar gadhafi entered the outskirts of benghazi in eastern libya. opposition forces shot down a warplane that was bombing the city. the warfare continues as the libyan government denies its forces atacked benghazi and said it is observing a cease-fire. pr
>>> and disaster in japan. exhausted engineers struggle to get power restored at the country's crippled nuclear reactors. in the hopes of avoiding a meltdown. meanwhile, high levels of radiation begin to show up in food in japan, as the country's prime minister urges his people to show courage in the wake of their unspeakable tragedy. we'll have those stories "early" this saturday morning, march we'll have those stories "early" this saturday morning, march 19th,...
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Mar 25, 2011
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>> couric: tonight, two weeks into japan's disaster and it just keeps getting worse. the death toll passes 10,000 and now there may be a breach in one of the nuclear reactors. i'm katie couric. also tonight, the united states may be giving up command of the libya mission, but american forces will still be playing a major role in the operation. the fire that woke up the country to dangers in the workplace. and a population explosion. the colorful comeback of the monarch butterfly. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. japan's prime minister says the nuclear crisis is far from over and the goal right now, he says, is simply to keep it from getting worse. but it did today with a possible breach of one of the reactors. it was two weeks ago that they were damaged when a magnitude nine earthquake shook northern japan and triggered a tsunami. the official death toll passed the 10,000 mark today. 17,000 people are still missing. and now the japanese governm
>> couric: tonight, two weeks into japan's disaster and it just keeps getting worse. the death toll passes 10,000 and now there may be a breach in one of the nuclear reactors. i'm katie couric. also tonight, the united states may be giving up command of the libya mission, but american forces will still be playing a major role in the operation. the fire that woke up the country to dangers in the workplace. and a population explosion. the colorful comeback of the monarch butterfly....
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Mar 14, 2011
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moment the earthquake struck in japan. here's a look here. the 8.9 magnitude tremor split the road. you can see it right here. just in two. you can see the cracks move as the quake just continues to devastate that area. the dell toll continues to climb. 2800 confirmed dead and another 1,000 bodies washed ashore. >>> newly released satellite images reveal the scope of the damage, the disaster in japan. one of the images of the fukushima nuclear plant, a second hydrogen explosion there in three days. 11 workers were injured in today's blast. >>> another hacker group is making a wikileaks style revelation today. the group called anonymous released what it says are e- mails from bank of america. it says it exposes corruption and fraud from b. of a. and improper home foreclosures. a bank spokesman says the documents were stolen by the former employee of an insurance division that the bank is selling. >>> this morning, apple has yet to comment on the latest iphone glitch. >> some phones jumped an hour back instead of forward on
moment the earthquake struck in japan. here's a look here. the 8.9 magnitude tremor split the road. you can see it right here. just in two. you can see the cracks move as the quake just continues to devastate that area. the dell toll continues to climb. 2800 confirmed dead and another 1,000 bodies washed ashore. >>> newly released satellite images reveal the scope of the damage, the disaster in japan. one of the images of the fukushima nuclear plant, a second hydrogen explosion there...
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Mar 23, 2011
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. >> couric: now to japan. a u.n. expert says radiation continues to leak from those damaged nuclear reactors but progress is being made. all six reactors are now hooked up to power lines-- a step toward getting the cooling systems working once the electricity is turned on. the number of workers at the plant is now up to a thousand. meanwhile, the official death toll from the earthquake and tsunami is approaching 10,000 with nearly 14,000 missing. more than a quarter million survivors have no homes or have been forced to leave them. from japan tonight, here's lucy craft. >> reporter: cardboard houses, now home for thousands living on the floor of a sports arena outside tokyo. all survived the tsunami and quake only to be caught up in a radiation scare. this fifth grader says "we escaped to my school but when they said even that was not safe, we came here." natives of iwaki like to boast about its postcard scenery and mild climate. the now notorious fukushima nuclear plant only 30 miles away has triggered a mass exodus
. >> couric: now to japan. a u.n. expert says radiation continues to leak from those damaged nuclear reactors but progress is being made. all six reactors are now hooked up to power lines-- a step toward getting the cooling systems working once the electricity is turned on. the number of workers at the plant is now up to a thousand. meanwhile, the official death toll from the earthquake and tsunami is approaching 10,000 with nearly 14,000 missing. more than a quarter million survivors...
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Mar 15, 2011
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disaster in japan. fears of a nuclear meltdown grow, as dangerous radiation levels are detected after a third reactor explosion. 140,000 people near the plant are told to stay indoors as workers evacuate the damaged facility which is now worse than the three-mile island damage according to experts. rescue crews find some survivors but scramble to locate others who may still be trapped. we will bring you the latest on thegraphy catastrophe and the humanitarian aid pouring in around the world "early "this tuesday morning, march 15th, 2011. captioning funded by cbs >>> good morning. welcome. this is now a three-prong disaster. the earthquake, sntsunami and n this growing nuclear catastrophe in the region right nout. >> many are wondering how the nuclear catastrophe will end. we will get you some answers from experts this morning. the latest on what the situation is on the ground. at this hour, all eyes are on that crippled nuclear power plant in fukushima after a third explosion this morning. and a old nuc
disaster in japan. fears of a nuclear meltdown grow, as dangerous radiation levels are detected after a third reactor explosion. 140,000 people near the plant are told to stay indoors as workers evacuate the damaged facility which is now worse than the three-mile island damage according to experts. rescue crews find some survivors but scramble to locate others who may still be trapped. we will bring you the latest on thegraphy catastrophe and the humanitarian aid pouring in around the world...
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Mar 30, 2011
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one a day men's. >> hill: the crisis unfolding in japan has put a spotlight on nuclear safety in this country. but today in a senate hearing, a top federal regulator said it will have no effect on the relicensing of the 104 nuclear plants in the u.s. and that includes the san onofre plant in southern california. terry mccarthy reports it is a plant with a history of problems-- problems that some whistle-blowers claim were ignored for years. >> reporter: the explosions at the fukushima nuclear complex in japan terrified people as far away as san clemente, california, home to the san onofre nuclear plant. >> japan is an exact perfect example of what can happen. we are less than two miles away red we're scared. >> reporter: the 28-year-old plant is just five miles from an earthquake fault. like fukushima, it has a long history of management problems and safety violations including faulty diesel generators, falsified fire watch reports and inoperable emergency batteries. >> the thing that was occurring was there was very little oversight. >> reporter: mike mason worked at san onofre for 3
one a day men's. >> hill: the crisis unfolding in japan has put a spotlight on nuclear safety in this country. but today in a senate hearing, a top federal regulator said it will have no effect on the relicensing of the 104 nuclear plants in the u.s. and that includes the san onofre plant in southern california. terry mccarthy reports it is a plant with a history of problems-- problems that some whistle-blowers claim were ignored for years. >> reporter: the explosions at the...
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Mar 18, 2011
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in japan and it's their responsibility. they are understandably focused on addressing the situation of the reactors. we have certainly been strongly supportive to everything we can support them in that effort and discussing the situation with them continuously from the beginning. >> what about our future commitment there? what are we willing to commit to help the situation? >> well, as you heard the president say yesterday, this is a situation in which the american people in full with our military assets, been flying relief missions, u.s. aid sent assistance over there and done everything we can from the department of energy to provide the monitoring and management support we can and rest assured this is a close friend and strong ally and we will be there for japanese people as saw when the president visited the ambassador there yesterday. >> thank you. >> breaking news on the civil war in libya the gadhafi government announced a cease-fire today. that after the u.n. approved a no-fly zone over the country. mark phillips is
in japan and it's their responsibility. they are understandably focused on addressing the situation of the reactors. we have certainly been strongly supportive to everything we can support them in that effort and discussing the situation with them continuously from the beginning. >> what about our future commitment there? what are we willing to commit to help the situation? >> well, as you heard the president say yesterday, this is a situation in which the american people in full...
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Mar 14, 2011
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disaster in japan. another explosion overnight rocks a crippled nuclear power plant as concerns grow over a possible meltdown. along the shattered coastline a thousand bodies are found as the death toll soars. japan's prime minister calling this their worst crisis since world war ii. millions face the day with no power, no water, no food. we have more on the survivors and the humanitarian effort "early" this monday morning, march 14, 2011. thanks for joining us on this monday morning. you can see, these are some of the images which have been coming in and frankly they speak for themselves. unimaginable. >> the devastation we saw friday morning and now in the days after this disaster in japan we continue to get more images, more video of exactly the impact that this is having on this nation and the people. damage estimates in the tens of billions of dollars, but you can't put a dollar figure on the loss of life and death toll estimates continue to increase hour by hour. >> they do. you know how well prep
disaster in japan. another explosion overnight rocks a crippled nuclear power plant as concerns grow over a possible meltdown. along the shattered coastline a thousand bodies are found as the death toll soars. japan's prime minister calling this their worst crisis since world war ii. millions face the day with no power, no water, no food. we have more on the survivors and the humanitarian effort "early" this monday morning, march 14, 2011. thanks for joining us on this monday morning....
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this is going to affect japan for many years to come. >> reporter: while japan's are looking for bodies, 45 other countries, including the u.s. and china, are sending in search and rescue teams. however, they haven't been able to get to some of the hardest hit areas because of radiation leaking from this nuclear power plant. yet people are being saved. this elderly woman was rescued on tuesday. she had been stranded for five days after the tsunami roared ashore. ben tracy, cbs news, tokyo. >> now a check of the weather and here is marysol castro with our first check this morning. >> good morning, >> thanks so much. thanks so much. that's your latest weather. now over to chris and airkra. >> thanks. >>> still to come do we need to worry about japan's radiation reaching us here in the united states? >>> parts of california drugstores can't keep radiation medicine on their shelves. are people being prudent or p r paranoid? we will get you that answer. you're watching "the early show" on cbs. ♪ [ water running ] [ indistinct talking on television ] hola padre. hola. [ male announcer ] you
this is going to affect japan for many years to come. >> reporter: while japan's are looking for bodies, 45 other countries, including the u.s. and china, are sending in search and rescue teams. however, they haven't been able to get to some of the hardest hit areas because of radiation leaking from this nuclear power plant. yet people are being saved. this elderly woman was rescued on tuesday. she had been stranded for five days after the tsunami roared ashore. ben tracy, cbs news,...
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to japan. a quick look what is happening now. the latest in terms of stats, if you will. the u.s. this morning is sending charter flights to japan. to evacuate any americans there who want to leave. the u.s. ambassador says the situation is deteriorating as radiation levels at the plant in fukushima are extremely high and potentially deadly. u.s. officials are telling americans within 50 miles of that plant should leave the area or at the very least stay inside. the day dropping sea water on the plant to cool down nuclear reactors and fuel rods. workers, in the meantime, are trying to restore power to the plan's cooling system. we begin our coverage in tokyo with cbs' lucy craft. good morning. >> reporter: good morning. well, right now, the japanese government is redeploying a group of trucks that are carrying high pressure water cannons. ed the idea to douse the troubled plant. amid growing concerns of a possible nuclear threat, state department and the pentagon announced wednesday night they
to japan. a quick look what is happening now. the latest in terms of stats, if you will. the u.s. this morning is sending charter flights to japan. to evacuate any americans there who want to leave. the u.s. ambassador says the situation is deteriorating as radiation levels at the plant in fukushima are extremely high and potentially deadly. u.s. officials are telling americans within 50 miles of that plant should leave the area or at the very least stay inside. the day dropping sea water on...
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Mar 24, 2011
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it's been nearly two weeks since the earthquake and tsunami in japan. the recovery is only beginning and the crisis at that damaged nuclear plant is far from over. today, two plant workers were take on the the hospital after suffering from radioactive burns, and rescue workers say the evacuation zone around the plant has kept them from searching for the missing. the number of missing is now above 17,000 and the death toll has reached more than 8,800. meanwhile, in tokyo bill whitaker reports tap water has been declared safe again for infants. >> reporter: 24 hours after it was deemed unfit for infants, the regional governor declared tokyo's tap water delicious and safe for all. "let's all calm down," he said. nevertheless, shoppers, emptied store shelves, even waited in line for water with some storms limiting what people can by, the city began distributing 12 bottles of water each to the families of the 80,000 infants one year and under in tokyo. megumi hitosi got level for her baby. the level is down again. does that give you trust? "there's no way to
it's been nearly two weeks since the earthquake and tsunami in japan. the recovery is only beginning and the crisis at that damaged nuclear plant is far from over. today, two plant workers were take on the the hospital after suffering from radioactive burns, and rescue workers say the evacuation zone around the plant has kept them from searching for the missing. the number of missing is now above 17,000 and the death toll has reached more than 8,800. meanwhile, in tokyo bill whitaker reports...
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Mar 9, 2011
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japan's nikkei added more than half a percent while hong kong's hang seng also finished higher. oil prices remain near $104 a barrel. >>> today, wall street gets the very latest on trade. on tuesday stocks rallied with big banks leading the charge. the dow jumped 124 points, while the nasdaq gained 20. >>> small investors have jumped squarely back into the market. new data shows since the beginning of the year investors have poured more than $24 billion into mutual funds. that reversed the trend from the year before, which saw small investors pulling $96 billion out of the market. >>> one major investor thinks now is not a good time to be in stocks. billionaire carl icahn is returning all the money that outside investors have put into his hedge fund. in a letter to partners, he says he is concerned about another market crisis, especially given the current bull run on wall street. stocks have nearly doubled since hitting 12-year lows just two years ago. >>> facebook is breaking into the movie business. the social networking site has signed a deal with warner brothers that will le
japan's nikkei added more than half a percent while hong kong's hang seng also finished higher. oil prices remain near $104 a barrel. >>> today, wall street gets the very latest on trade. on tuesday stocks rallied with big banks leading the charge. the dow jumped 124 points, while the nasdaq gained 20. >>> small investors have jumped squarely back into the market. new data shows since the beginning of the year investors have poured more than $24 billion into mutual funds. that...
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Mar 24, 2011
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meanwhile, japan and what is now the world's most expensive natural disaster. the government said today the earthquake and tsunami caused over $300 billion in damage. the human toll is also climbing with more than 9,500 dead, 16,000 are missing, fewer than ten are americans. the u.s. is now the first country to ban produce and dairy products from the area near the damaged nuclear plant. and in tokyo tonight parents are being warned not to give their infants tap water. radioactive iodine has been detected in the water at twice the level considered safe for babies. from tokyo, here's bill whitaker. >> reporter: tokyo mother of three tomoe ogino shows compassion for the refugees up north. now with the fallout hitting home, she feels fear. >> my concern is how long it's going to, this is going to take, you know, if it's going to finish at some point, if she can drink water. >> reporter: the fear is thyroid cancer, an infants fast growing thyroid absorbs much more of the radioactive iodine in the water than older children or adults. tomoe uses water to make formula
meanwhile, japan and what is now the world's most expensive natural disaster. the government said today the earthquake and tsunami caused over $300 billion in damage. the human toll is also climbing with more than 9,500 dead, 16,000 are missing, fewer than ten are americans. the u.s. is now the first country to ban produce and dairy products from the area near the damaged nuclear plant. and in tokyo tonight parents are being warned not to give their infants tap water. radioactive iodine has...
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Mar 21, 2011
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disaster in japan. workers get another scare as smoke rises from the crippled nuclear plant and residents are being warned about contaminated drinking water and food. this as the estimated death toll jumps to more than 18,000 "early" this monday morning, march 21st, 2011. >>> and good morning. good morning. welcome to "the early show" here on a monday morning, i'm chris wragge. >> i'm erica hill. good to have you with us. >> following two very major stories this morning. first of which the situation in japan. all eyes on that nuclear facility in fukushima once again. this as reports as i mention a few moments ago, smoke emanating from that troubled reactor 3 there. and now reports of radiation levels detected radiation levels in both the food and the water in that safety zone around the nuclear plant right now. we're going to continue to follow this and have an update on the situation there in the coming moments. >> you mentioned two major stories. the other one, of course, that we are following is happ
disaster in japan. workers get another scare as smoke rises from the crippled nuclear plant and residents are being warned about contaminated drinking water and food. this as the estimated death toll jumps to more than 18,000 "early" this monday morning, march 21st, 2011. >>> and good morning. good morning. welcome to "the early show" here on a monday morning, i'm chris wragge. >> i'm erica hill. good to have you with us. >> following two very major...
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japan. japan's prime minister describes the situation as grave and serious, after another dangerous radiation leak is found at the crippled fukushima nuclear power plant. u.s. navy barges are bringing fresh water to try to head off a meltdown "early" this saturday fresh water to try to head off a meltdown "early" this saturday morning, march 26th, 2011. captioning funded by cbs >>> welcome to a gorgeous spring morning in new york city. 20-something degrees. but who cares, it looks nice. >> that's a beautiful picture, russ. >> welcome to "the early show," i'm russ mitchell. >> and i'm rebecca jarvis. we begin with the latest on the battle for libya. rebels have recaptured the key eastern city of ajdabiya. nato takes control of some of the u.s.-led operation in libya in a matter of days, and president obama will address the nation on monday night to explain u.s. involvement in libya. we begin our coverage with cbs news correspondent mandy clark, who is in ajdabiya this morning. mandy, good to
japan. japan's prime minister describes the situation as grave and serious, after another dangerous radiation leak is found at the crippled fukushima nuclear power plant. u.s. navy barges are bringing fresh water to try to head off a meltdown "early" this saturday fresh water to try to head off a meltdown "early" this saturday morning, march 26th, 2011. captioning funded by cbs >>> welcome to a gorgeous spring morning in new york city. 20-something degrees. but who...
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Mar 28, 2011
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. >> stahl: with japan slated to lower its rate in april, the u.s. will soon have the highest corporate tax rate in the developed world. >> john chambers: we are dealing with a tax system that is a dinosaur. >> stahl: one c.e.o. who would talk to us is john chambers, head of cisco, the giant high- tech company headquartered in san jose. he says our tax rate is insane. it's forcing companies into these maneuvers, especially when many other industrialized countries, including canada, are busy lowering their tax rates in order to lure our companies and our jobs away. >> chambers: every other government in the world have realized that the u.s. has it wrong. they're saying, "i'm going to have lower taxes, period." that's what you see all across western europe, that's what you see in asia in the developed countries. >> stahl: are you judged as a c.e.o. on things like this, on taxes? >> chambers: absolutely. >> stahl: he's been expanding cisco overseas, because of growing demand abroad, but also to lower the company's taxes. their average rate over the last
. >> stahl: with japan slated to lower its rate in april, the u.s. will soon have the highest corporate tax rate in the developed world. >> john chambers: we are dealing with a tax system that is a dinosaur. >> stahl: one c.e.o. who would talk to us is john chambers, head of cisco, the giant high- tech company headquartered in san jose. he says our tax rate is insane. it's forcing companies into these maneuvers, especially when many other industrialized countries, including...